The fear of de positors' money being used for bail-ins of banks under the Financial Resolution and Deposit Insurance (FRDI) Bill has triggered panic among wealthy Indians, with many of them seeking expert help to mitigate any risk to their deposits.
Big money managers and lawyers that ET spoke to said they have received inquiries from clients asking whether or not to pull out their fixed deposits, despite assurances from the Prime Minister and the finance minister on protecting t ..